Dear COINCOME Users,
We extend our sincerest apologies for the inconvenience and concern caused by the FTX collapse in November 2022. As we transform into a new COINCOME, we are implementing enhanced security measures and improved services through the migration to a new CIM token.
■ Application Period March 1, 2025, 09:00 (Singapore Time) – September 30, 2025, 23:59 (Singapore Time)
■ Exchange Rate Determination The exchange rate for the new CIM token will be based on the closing price of the old CIM token in the COINCOME wallet at 23:59 (Singapore Time) on February 28, 2025. This rate will be aligned with the USDT price of the new CIM token, and all token exchanges will be conducted at this fixed rate.
■ Migration Schedule
・Initial migration starts: February 2026
・Monthly migration quota: 10% of total tokens
・Gradual monthly expansion of migration
・Completion scheduled: November 2026
■ Exchange Process
- Recording of old CIM token closing price at 23:59 (Singapore Time) on February 28, 2025
- Establishment of exchange rate against USDT based on this price
- Alignment of new CIM token price with USDT value
- Processing of all token migrations at this fixed exchange rate throughout the migration period
■ Key Points
・Fixed exchange rate based on February 28, 2025, 23:59 (Singapore Time) closing price
・Constant exchange rate throughout the migration period
・Fair and transparent conversion process
・Equal value preservation for all token holders
■ Important Information
・All operations based on Singapore Time
・Please plan your migration according to monthly quotas
・Old tokens remain tradeable during migration period
・Updates will be provided through official channels
■ Timeline from Application to Completion
- February 28, 2025, 23:59 (Singapore Time): Exchange rate determination
- March 1, 2025, 09:00 (Singapore Time): Application period starts
- September 30, 2025, 23:59 (Singapore Time): Application deadline
- February 2026: Actual migration begins
- Monthly migration of 10% of total tokens
- November 2026: Migration completion scheduled
We at COINCOME are committed to ensuring a fair and transparent migration process. The fixed exchange rate based on the February 28, 2025 closing price will ensure equal treatment for all token holders and maintain value consistency throughout the migration period.
【Contact Information】 For any questions or concerns about the exchange rate or migration process, our support is available 24/7. Please click the email icon at the bottom right of our official website ( https://cimcome.io/ ) to access our dedicated inquiry form. Our specialized support team is ready to assist you at any time with detailed attention to your inquiries.
Thank you for your continued support of COINCOME.
COINCOME Operations Team
